INSUBCONTINENT EXCLUSIVE:
Mumbai: Third-largest IT firm Wipro on Tuesday reported 3.2 per cent year-on-year (YoY) drop in consolidated profit for the December
quarter, and forecasted a modest revenue growth in the quarter ending March 31.
The company posted a profit of Rs 2,462.90 crore for the
quarter ended December 30
during the quarter compared with 15,059.50 crore in the same period last year.
Earlier in the day, shares of Wipro closed 0.88 per cent
earnings:Guidance: The company expects revenue from IT services business to be in the range of $2,095-$2,137 million for the quarter ended
across all business units, geographies and practices
cent of its net income.
IT services segment: Revenue from IT services inched up 2.97 per cent to Rs 15,100.60 crore
IT services operating margin for the quarter was at 18.4 per cent, a sequential increase of 0.3 per cent.
IT products segment: IT products
segment revenue for the quarter was Rs 260 crore ($36.1 million), while the segment resulted in a loss of Rs 14 crore ($1.96 million).
India
state-run enterprises: Revenues from Indian state-run enterprises amounted to Rs 180 crore ($25.9 million), and the segment resulted in a
loss of Rs 53 crore ($7.4 million).
Interim dividend: Wipro declared an interim dividend of Re 1 per share.
